Topline

Dell Technologies chief Michael Dell overtook Oracle co-founder Larry Ellison as the world’s fifth-wealthiest person Wednesday, benefiting from Dell’s positive day of trading as Oracle shares tumbled.

Dell’s estimated net worth increased 3.3% on Wednesday to $234 billion, according to Forbes’ real-time billionaires list, as Dell Technologies shares closed up 3.7% on the day.

Dell is now positioned behind Amazon co-founder Jeff Bezos ($248 billion) on the billionaires list.

Ellison’s estimated net worth dropped 2.5% on Wednesday to $230.8 billion as Oracle’s stock closed down 2.6% at $183.48.

Oracle shares have plummeted since they reached their highest point of the year ($248.15) on June 1.

Dell’s shares have traded positively since it crushed expectations in its late May earnings report.